Use-of-proceeds provision: Difference between revisions
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imported>Doug Williamson (Create page - source - The Treasurer online - https://www.treasurers.org/hub/treasurer-magazine/sustainable-finance-key-net-zero-progress) |
imported>Doug Williamson (Mend link.) |
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* [[Sustainability]] | * [[Sustainability]] | ||
* [[Sustainability bond]] | * [[Sustainability bond]] | ||
* [[Use of | * [[Use of Proceeds instrument]] | ||
[[Category:The_business_context]] | [[Category:The_business_context]] | ||
Revision as of 12:07, 14 June 2022
Capital markets - sustainability - loans.
A provision in a loan agreement relating to the use of the proceeds of the borrowing, especially in relation to green and sustainable projects.
- ESG factors are influencing borrowing organisations of all sectors and sizes
- "Gustavo Brianza, MD of ESG Advisory at NatWest, explained that most banks are waking up to the opportunities: 'Many treasurers may feel they’re not looking to access finance on a scale that brings this up, but most banks are offering sustainable and green loans.
- So that might involve a use-of-proceeds provision, which includes green projects, and private placements can also be accessed, so I don’t see the size of the business or the deal as being a barrier to adopting a sustainable finance strategy.'”
- The Treasurer online - 13 June 2022.
